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Twitter shareholders vote for takeover by Elon Musk, who still does not want it

2022-09-13T21:38:38.831Z


Prior to this shareholder vote, whistleblower Peiter Zatko, ex-Twitter security chief, was interviewed by the US Senate.


Twitter shareholders on Tuesday approved the agreement to buy the platform from Elon Musk, just after hearing from a whistleblower who, like the billionaire, accuses the company of covering up problems.

The vote consolidates the position of the social network one month before the opening of the lawsuit it launched against Elon Musk to force him to honor his commitment.

This election represents little consolation for Twitter, decried in public by a former senior official.

Peiter Zatko, the former security chief of Twitter fired in January, detailed on Tuesday his report submitted to the American authorities this summer on serious security breaches.

"Twitter's management is deceiving elected officials, regulators and even its own board of directors," he told the senators of the Judiciary Committee at the outset.

"They don't know what data they have, where it is, where it comes from and so obviously they can't protect it," said the expert better known by his pseudonym, Mudge.

“Employees have too much access (…) no matter who has the keys if you don't have locks on the doors,” he noted.

Accusations fell at the right time for Musk

The 51-year-old computer scientist, recruited at the end of 2020 after a spectacular hacking of certain profiles, claims to have tried to alert the group's senior officials, in vain.

“They don't have the skills to understand the extent of the problem,” he said.

“Most importantly, their executive bonuses encourage them to put profits before safety.

»

At the end of August, the revelation by the press of the report of the whistleblower, very respected in the cybersecurity community, had the effect of a bomb.

Twitter dismissed these accusations as unfounded, but they came at a good time for Elon Musk.

At the beginning of July, the boss of Tesla and SpaceX had unilaterally terminated the contract signed at the end of April for the acquisition of Twitter at 54.20 dollars per share, or a valuation of 44 billion dollars.

He who once wanted to make the platform a public place "essential to democracy", believes that the San Francisco-based company lied to him about the proportion of automated accounts and spam among its users.

In his opinion, it would greatly exceed the 5% estimated by the management of Twitter.

“Obsolete” Twitter tools

Peiter Zatko directly addresses in his report the questions posed by the Tesla boss about bots.

He mentions "misleading" statements by Parag Agrawal, the network's boss, and claims that Twitter's tools are "outdated", its teams "overwhelmed" and "inefficient".

Claims that Elon Musk's lawyers will try to use to their advantage during the trial scheduled for mid-October in a specialized court.

“I did not make my whistleblower disclosures out of malice or to harm Twitter,” Mudge assured senators on Tuesday.

“Given the real damage to users and national security, I decided it was necessary to take the personal and professional risk, for me and my family, to raise the alarm,” he explained. .

For his part, Elon Musk tweeted a popcorn-shaped emoji, hinting that he was following the audition with delight.

Source: leparis

All news articles on 2022-09-13

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